This year, SimpleTire joined the list ranking No. 419 on Inc’s annual list of the fastest-growing privately held companies in America. Inc. reported that the company’s revenue for 2017 was $162.1 million. Located in Trevose, Pennsylvania, the company has 46 employees and had a three-year revenue growth of 1,197 %, Inc. says.
“It is a great honor to be recognized as one of the fastest-growing private companies in America,” said SimpleTire CEO Andy Chalofsky. “Our rapid growth is a true testament to our team’s hard work and dedication throughout the years. Without them and the relationships we have built with our partners and customers, SimpleTire would not be recognized in Inc.’s top 10%, and I am truly grateful for everyone’s continued support and trust in SimpleTire.
“Receiving this high recognition is particularly significant for us as a whole,” said Chalofsky. “As a small, private company, we understand the impact that entrepreneurs have on our economy. The foundation of our business is built on our network of independent tire suppliers across the country. Our business model helps support other small companies get a piece of the e-commerce market so they can continue to thrive.”
The Inc. 5000 represents a look at America’s small businesses sector. Another automotive brand making the list was RNR Tire Express, ranking 3,514th. All companies on the list achieved an average, three-year average growth of 538.2% and accounted for creating 664,095 jobs over the past three years.
In May this year, Dealer Tire LLC made “a significant investment” in SimpleTire, which Chalofsky “will help both companies, our customers and our suppliers continue to grow and evolve.” The terms of the deal were not disclosed.